Liquidnitro Games Bags $19.1 Mn To Accelerate Global Expansion

SUMMARY

The round was led by Northpoint Capital, with participation from its existing investor Nexus Venture Partners

Liquidnitro will use the fresh funds to upgrade its platform capabilities and increase its payroll, along with scaling globally

Target geographies for expansion include India, MENA and Southeast Asia

Gaming startup Liquidnitro Games has raised $19.1 Mn (INR 172.4 Cr) in a Series A round led by Northpoint Capital, with participation from existing investor Nexus Venture Partners.

The startup, which creates and co-produces mobile games and live services for global publishers, plans to utilise the fresh capital to upgrade its platform capabilities and increase its team size, along with scaling partnerships via co-investments.

Liquidnitro also plans to expand its presence globally through initiatives with global game publishers across a wider range of franchises, platforms, and markets. Liquidnitro is targeting the MENA (Middle East and North Africa) and Southeast Asia markets, where it claims to have already built an understanding of players and local dynamics, similar to India.

The Hyderabad-based startup said it has already partnered with a host of global game publishers to build, operate and scale games across platforms and geographies. It also claims to be witnessing substantial top line growth but didn’t disclose any numbers.

Founded in 2023 by Sandeep Kowdley, Krishna Dhanekula, Arun Kunchala, and Suresh Manthena, Liquidnitro leverages data, AI and technology driven insights to craft fun and engaging experiences for players. It partners with gaming studios and IP owners, who can leverage its platform to build global games.

The startup last raised $5 Mn in 2024 in a seed round led by Nexus Venture Partners, with global gaming veterans also coming in as angel investors.

With the ban on real money gaming, many startups in the gaming industry had to either shut shop, pivot or move out of the country last year. Newer companies are now focussing on sustainable business models and tech-heavy niches. In November, Game State Labs, which also provides AI-driven personalisation to gaming studios, closed a $2 Mn seed funding round.

VCs are also recalibrating their strategies to back non-RMG companies, focussing instead on those building mobile gaming, interactive media, and AI-native gaming infrastructure. Many of these founders, who have emerged from the ranks of now defunct RMG companies, are building for global expansion from the get-go.